Business
NIMC, Bank Partner On National Identity Project
The National Identity
Management Commission (NIMC), has appointed Heritage Bank as one of the banks with the mandate to partake in the national identity numbers project.
With the appointment, Heritage Bank is enlisted as one of the banks to undertake the identification, registration and issuance of the identity cards to Nigerians.
A statement by Heritage, made available to our correspondent on Wednesday, quoted the Group Head, Coral Banking, Mr. George Oko-Oboh, as promising that the bank would deploy all its processes to ensure an efficient realisation of the goals of the national identity project.
He said, “Heritage Bank promises to be a reliable and proud partner with the National Identity Management Commission on this laudable national project and will deploy its innovative technology and resources in harmonising and integrating all database systems in Nigeria to be able to identify every registerable Nigerian in this country, register and issue them the identity cards.”
The statement also quoted the bank’s Executive Director, Mr. Niyi Adeseun, as describing the NIMC mandate as a significant call to national duty for the bank.
Adeseun said, “Identity management is a critical part of every nation’s progress and we at Heritage Bank will ensure that we support the NIMC goals.
“As with all the other mandates we have, we are committed to ensuring that we not only deliver maximum value but more importantly, revolutionise the concept of service delivery so that the public will enjoy more ease, zero time-wasting and absolute support that our highly technology-driven environment and systems are built around.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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